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Overview / Commentary
317-569-7420
11555 N Meridian St, # 400
Carmel, IN 46032

Merchants Bank of Indiana is headquartered in Carmel and is the 8th largest bank in the state of Indiana. It is also the 306th largest bank in the nation. It was established in 1923 and as of June of 2017, it had grown to 150 employees at 5 locations. Merchants Bank of Indiana has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #8056
Year Established1923
Employees150
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.84%
Return on Equity - YTD20.03%
Annual Interest Income$41.8MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$3.09B$2.51B
LoansQ2 2017vs Q2 2016$2.05B$1.68B
DepositsQ2 2017vs Q2 2016$2.77B$2.25B
Equity CapitalQ2 2017vs Q2 2016$275.2MM$229.5MM
Loan Loss AllowanceQ2 2017vs Q2 2016$6.9MM$6.0MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$3.0MM$3.5MM
Real Estate OwnedQ2 2017vs Q2 2016$0$0
Rates

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Locations


Merchants Bank of Indiana Locations
Indianapolis Bank Branch3737 East 96th StreetIndianapolis, IN 46240
Spartanburg Branch6880 South Arba PikeLynn, IN 47355
Merchants Bank Of Indiana11555 N. Meridian Street, Suite 400Carmel, IN 46032
Merchants Bank Of Indiana Carmel Office Branch11590 North Meridian StreetCarmel, IN 46032
Lynn Branch7375 South Us Highway 27Lynn, IN 47355